U.S. Crude Supplies Rose for 10th Straight Week

NEW YORK--Oil futures climbed to a near-three-week high Thursday on continued supply drawdowns at a key storage hub and signs of improving U.S. demand.

Light, sweet crude for May delivery settled up $1.02, or 1%, at $101.28 a barrel on the New York Mercantile Exchange, the highest settlement price since March 7. Brent crude on the ICE futures exchange rose 80 cents, or 0.8%, to $107.83 a barrel, its highest level since March 14.